Robert Regan Shannon Sells 106,405 Shares of Permian Resources (NYSE:PR) Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 106,405 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $13.63, for a total transaction of $1,450,300.15. Following the completion of the transaction, the executive vice president directly owned 360,667 shares of the company’s stock, valued at approximately $4,915,891.21. The trade was a 22.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Regan Shannon also recently made the following trade(s):

• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The stock was sold at an average price of $13.76, for a total value of $966,695.04.

Permian Resources Trading Up 4.4%

Shares of PR opened at $14.10 on Friday. Permian Resources Corporation has a one year low of $10.01 and a one year high of $16.03. The stock has a 50-day moving average price of $13.93 and a 200 day moving average price of $13.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $11.69 billion, a P/E ratio of 12.93 and a beta of 0.66.

Permian Resources (NYSE:PR) last announced its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). Permian Resources had a net margin of 15.65% and a return on equity of 11.03%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, December 17th. Permian Resources’s dividend payout ratio is 55.05%.

Trending Headlines about Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Company completed a previously announced corporate reorganization exchanging Class C for Class A shares to better align management ownership with public holders — a governance move often viewed favorably by investors. Permian Resources Completes Previously Announced Corporate Reorganization
• Positive Sentiment: Analyst coverage remains upbeat: multiple recent buy/overweight ratings and a median price target roughly in the high teens to low $20s give upside vs. current levels — supportive for sentiment if oil prices and execution hold. Quiver Quant PR analyst & market summary
• Neutral Sentiment: Social/media chatter highlights Permian basin operational efficiency and speculation about M&A or partnerships; this keeps the story active but is noisy and not a confirmed catalyst. Quiver Quant PR market dynamics
• Negative Sentiment: Multiple senior executives sold large blocks of stock in early January (CEOs William Hickey III and James Walter each executed multi-hundred-thousand-share sales across Jan. 5–6), a significant insider liquidity event that can weigh on sentiment. SEC Form 4 (Hickey)
• Negative Sentiment: EVPs and other officers — including Guy M. Oliphint, John Charles Bell and Robert Regan Shannon — sold meaningful stakes (Oliphint’s recent sales around $4.13M reported separately), and Quiver notes 12 insider sales vs. 0 purchases in the past six months. Persistent selling by multiple insiders is typically viewed negatively by investors. Benzinga: EVP $4.13M sale
• Negative Sentiment: Smaller filings and trade reports capture additional EVP sales (e.g., John Charles Bell sold ~70k shares for ~$966k) — investors should watch SEC Form 4s for timing and whether sales are part of pre-set plans. InsiderTrades: Bell sale

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PR. Wells Fargo & Company cut their target price on shares of Permian Resources from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Royal Bank Of Canada boosted their price objective on Permian Resources from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Mizuho increased their target price on Permian Resources from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Piper Sandler decreased their target price on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Finally, UBS Group boosted their price target on Permian Resources from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.07.

Hedge Funds Weigh In On Permian Resources

A number of large investors have recently bought and sold shares of PR. Bank of New York Mellon Corp grew its holdings in shares of Permian Resources by 86.8% during the second quarter. Bank of New York Mellon Corp now owns 23,963,307 shares of the company’s stock valued at $326,380,000 after purchasing an additional 11,133,354 shares during the last quarter. Boston Partners acquired a new position in Permian Resources during the 2nd quarter valued at approximately $134,119,000. Vanguard Group Inc. boosted its position in Permian Resources by 10.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company’s stock valued at $914,733,000 after purchasing an additional 6,705,644 shares during the period. Millennium Management LLC grew its stake in Permian Resources by 210.6% during the 3rd quarter. Millennium Management LLC now owns 9,850,059 shares of the company’s stock worth $126,081,000 after buying an additional 6,678,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Permian Resources by 20.9% in the third quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company’s stock worth $346,919,000 after buying an additional 4,691,280 shares during the period. Institutional investors own 91.84% of the company’s stock.

About Permian Resources

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.